Issue Position: Curb Wall Street Gambling: Restore Glass Steagall

Issue Position

We should restore Glass-Steagall to make sure our banks can't gamble with our money, make sure that no bank is allowed to become "too-big-to-fail", and make postal banking a reality in the United States.
Systemic risk in our banking system leads to the concentration of wealth and power into fewer and fewer hands and also leads to increased risk that individuals will lose their savings due to the irresponsible decisions of bank management. We should restore Glass-Steagall to make sure our banks can't gamble with our money.

We also should make sure that no bank is allowed to become "too-big-to-fail" and that oversized banks are broken up to reduce the likelihood of a financial crash.

Finally, we need to make postal banking a reality in the United States, which will revitalize the United States Postal Service, provide a low-cost source of basic banking services for disenfranchised communities, and increase competition in the banking industry.

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